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Two-wheeler maker Hero MotoCorp Ltd has reported a 16.86 per cent decline in consolidated profit after tax to Rs 1,417.93 crore in the first quarter ended June 30 due to high base effect. The company had posted a consolidated net profit of Rs 1,705.65 crore in the corresponding period of previous fiscal. The previous year PAT included a onetime gain of Rs 722 crore on account of dilution of the company's share of investment in associates consequent to public issue and private placement, Hero MotoCorp said in a statement. Consolidated revenue from operations in the first quarter stood at Rs 13,126.35 crore as against Rs 9,727.75 crore in the year-ago period, the company said in a regulatory filing on Thursday. During the quarter, the company sold 16.77 lakh motorcycles and scooters, registering a 23 per cent year-on-year growth over the corresponding quarter of the previous year, Hero MotoCorp said. Total expenses in the quarter under review rose to Rs 11,621.48 crore as compared
Bajaj Auto Ltd will strengthen strategically important 125cc plus domestic motorcycle portfolio, while 'turbo charging' its electric scooter Chetak in FY27, amid a volatile, uncertain and complex external environment, Chairman Niraj R Bajaj said. The company will also look to boost exports given the recovery across key international markets, whilst navigating the challenges and disruptions in global logistics, Bajaj said in the company's annual report for 2025-26. "As we look ahead to FY27, the external environment remains volatile, uncertain and complex. Geopolitical developments, commodity inflation, supply chain disruptions and shifts in global trade dynamics are creating challenges in the operating environment that are particularly pronounced as we start the new financial year," he said. "The opportunities before us across markets and segments remain very significant and offer substantial headroom for growth," Bajaj said. India continues to be one of the world's fastest growing
The GST reforms will ensure that iconic motorcycle brands Yezdi and Jawa "shine like nobody else" in their comeback trail after fading away from the market in the mid-90s due to a policy change, according to co-founders of Classic Legends, which owns the two marques. The bikes of the two brands will cost less than Rs 2 lakh once the new rate of the revised goods and services tax (GST) structure of 18 per cent, down from 28 per cent on two-wheelers up to 350 cc, kicks in as the company will pass on the full benefits to customers, Classic Legends MD & Co-Founder Anupam Thareja and Co-Founder Boman Irani told PTI in a joint interview. At present, different models of the two brands are priced between Rs 1.72 lakh and Rs 2.35 lakh. On the other hand, the increase to a 40 per cent special rate on motorcycles above 350 cc from 31 per cent, including cess, will hurt the company's other motorcycle brand BSA but they appreciated the government's move to "affect positively the pockets of the
The Indian two-wheeler industry is witnessing a ride towards the premium segment, like other consumer sectors in the country, with the market share of premium motorcycles increasing to 19 per cent last fiscal and expected to touch 22 per cent by 2030, according to Crisil Intelligence. The market share of premium motorcycles -- engine capacity greater than 150 cc -- increased to 19 per cent last fiscal from 14 per cent in fiscal 2019, with their volume rising to 23 lakh units from 19 lakh units, it said in a statement. On the other hand, the market share of economy motorcycles declined to 46 per cent last fiscal from 62 per cent in fiscal 2019, with volume shrinking to 56 lakh units from 84 lakh units, largely due to weak rural demand and an increase in prices, it added. Interestingly, premium motorcycle sales surpassed the pre-Covid level by 22 per cent last fiscal, while sales of overall two-wheelers stood at 94 per cent of the pre-pandemic level and total motorcycles at 90 per ..